Use the Table for the Question(s) Below $\text { AOS Industries Statement of Cash Flows for } 2012$

question 23

Multiple Choice

Use the table for the question(s) below.
$\text { AOS Industries Statement of Cash Flows for } 2012$
$\begin{array}{l}\text { Operating activities }\\\text { Net Income } & 3.2 \\\text { Depreciation and amortisation } & 1.4 \\\text { Cash effect of changes in } & \\\text { Accounts receivable } & 2.1 \\\text { Accounts payable } & 1.1 \\\text { Inventory } & 0.8 \\\text { Cash from operating activities } & 2.8 \\\hline\\\text { Investment activities }\\\text { Capital expenditures } & 2.2 \\\text { Acquisitions and other investing activity } & -0.4 \\\text { h from investing activities } & 2.6\\\hline\\\text { Financing activities }\\\text { Dividends paid } & -1.5 \\\text { Sale or purchase of stock } & 2.1 \\\text { Increase in short-term borrowing } & 1.4 \\\text { Increase in long-term borrowing } & 3.2 \\\text { Cash from financing activities } & 5.2 \\\hline \text { Change in Cash and Cash Equivalents } & \mathbf{5 . 4}\end{array}$
-Consider the above statement of cash flows. If all amounts shown above are in millions of dollars, what were AOS Industries' retained earnings for 2012?

• A) $1.7 million
• B) $2.1 million
• C) $5.4 million
• D) $1.3 million

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Definitions:

Receiving

The act of accepting or taking in something offered, often in the context of communication, goods, services, or ideas.

Sending

The act of delivering, dispatching, or transmitting information, messages, or goods from one place or person to another.

Reflection

The process of contemplating one's thoughts, feelings, and actions to learn or gain insights from experiences.

Misunderstandings

Situations or scenarios where there is a failure to understand something correctly or where there is a difference in interpretation.